Effortlessly Simplify BMC-84 Surety Bond Freight Process Now
Effortlessly streamline your BMC-84 surety bond freight process by exploring various options and services that can save you time, reduce costs, and enhance your logistics operations.
Understanding the BMC-84 Surety Bond
The BMC-84 surety bond is a critical component for freight brokers in the United States, serving as a financial guarantee to protect shippers and carriers in case the broker fails to fulfill their contractual obligations. This bond, mandated by the Federal Motor Carrier Safety Administration (FMCSA), requires brokers to maintain a bond amount of $75,0001. The primary purpose of the BMC-84 is to ensure that brokers have the financial backing to cover any claims related to freight charges or damages.